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China (mainland) – Renesas Technology Corp. and Powerchip Semiconductor Corp. (PSC) announced recently their cooperation on extending their system solutions business in China by Renesas taking a stake in Retronix Technologies (RTX), a subsidiary of PSC that focuses on developing systems solutions.

According to the announcement, PSC will retain a larger share of 63 percent in RTX while Renesas will hold the remainder of the share in the system solutions provider. Operations at RTX with the new set up will commence next year.

Both Renesas and PSC say that the agreement will help RTX develop and offer technical support for system solutions involving Renesas' system LSI products to be supplied mainly to China's market for home appliances and consumer electronics.